D 19 75 VISA Rewards ACCT Disclosures ELGACU

D 19 75 VISA Rewards ACCT Disclosures ELGACU 01 01 26, as filed by Elga Credit Union, carries a 19.75% purchase APR and no annual fee. That purchase rate ranks near the 42nd percentile across this corpus of 4,587 filings.

What the document actually states

What follows is drawn entirely from Elga Credit Union's CFPB filing for D 19 75 VISA Rewards ACCT Disclosures ELGACU 01 01 26. It is issued on the Visa network and the filing runs one page.

Terms captured from the document include a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

The purchase rate in context

At 19.75%, the purchase APR falls at roughly the 42nd percentile of the 2,280 filings indexed here, which sits close to the middle of the corpus.

The arithmetic of revolving

A $1,000 balance left untouched for twelve months accrues about $218 in interest at this purchase rate.

Priced at the median of 21.99%, that balance would generate about $246 in a year — so this agreement comes in around $28 cheaper for the same debt.

Per statement cycle that is on the order of $16.36 on $1,000, which is the number that actually shows up on a bill.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

What the card costs before you borrow

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

The filing sets a 2% foreign transaction fee, which adds roughly $40 to $2,000 spent outside the United States.

The downside terms

Late payments are capped at $25 under this filing, about the 32nd percentile of late fee maximums in the corpus.

The no-interest path

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

Inside Elga Credit Union's filed lineup

This is one of 30 Elga Credit Union agreements collected here. The issuer's own range is 11.75%–20.75%. At 19.75%, this agreement is dearer than 22 of its siblings.

What the filing does not tell you

The disclosure parsed here does not state penalty pricing. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Reading the agreement yourself

This summary stands or falls on the linked PDF — one page. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

19.75% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.